subject: Tempe Contract Law Protects Businesses Owners [print this page] A lawsuit, even a seemingly minor lawsuit, can be the kiss of death to a small business. The stress of the lawsuit often distracts the business owner from their day to day tasks. Lawsuits and navigating business lawyer services are also time consuming, involving lots of back and forth discussions between both parties.
The good news is that as long as the business owner uses common sense and adheres to basic business law, they shouldn't have to worry about getting sued, and if they are sued, the chances are good that the business will be on the winning side.
It is crucial that the business owner records and properly records every single transaction, no matter how small and insignificant the transaction might seem. Doing so eliminates the chance that there will be a miscommunication that leads to a lawsuit. The business owner also needs to make sure that they keep copies of their records for several years.
Business owners should not try to get to fancy when it comes to their business papers and contracts. The easier a contract is to read and understand, the less likely the business owner is to be sued. The contracts should be laid out in a simple format, and the language should be easy to understand. Simple documentation will make it easier for the business owner to settle disputes without the assistance of a business lawyer.
Sadly the people who always seem to be the quickest to sue, are your customers. Since you can't ban your customers from the premises, you should at least make sure all of you policies are clearly posted somewhere that you customers will see them. At the first sign of a potential dispute, you need to direct their attention to the policies.
It is easy for a business owner to get frustrated with the idea of business insurance. The insurance is expensive and there is a really good chance that the owner will never need the insurance. While paying the insurance might seem like a waste of money, business owners need to remember that the insurance will protect them from a lawsuit if something does go wrong.
Contacting both state and local government will allow the business owner to make sure that they have all the pertinent permits and licenses in place before they open for business. It is up to the business owner to make sure none of the permits expire.
At first glance it is easy to think that a business law is insignificant and the business owner might be tempted to ignore it, however if someone does try to file a lawsuit against the business the owner will be grateful they took the time to make sure they took the time to follow even the insignificant business laws.
by: Tammi Banner.
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